Tag: law changes
Are You Prepared for the Coming Changes in IL Employment Law?
Posted on September 20, 2024
Business law is a complex area of the law and successful business owners must have a good grasp of these laws. As a business owner in Illinois, you should be aware that there have been some notable changes in employment law, which will require a review of employee handbooks and business policies. Many of the new laws will take effect on January 1, 2025, although some will have different effective dates. Business laws change fairly frequently, and business owners can benefit from having an experienced Naperville, IL business law attorney […]
Why Should You Prepare Now for 2026 Estate Tax Changes? | Illinois
Posted on September 13, 2024
Estate planning is rarely ever a “one-and-done” task. Estate plans must be revisited whenever there is a significant change in your life, including marriage, divorce, birth, a change in financial status, or a change in residence. Estate plans should also be updated when federal or state laws change. The Tax Cuts and Jobs Act of 2017 includes exemptions that expire in 2026. Under the TCJA, the lifetime estate and gift tax exemptions were significantly increased, but they will expire on January 1, 2026, unless new legislation leaves them in place. […]
What Are the New Restrictions on Child Labor in Illinois?
Posted on August 10, 2024
For the first time in 75 years, Illinois has fully addressed its child labor laws. Public Act 103-0721, signed by Governor JB Pritzker, is a total revamping of the child labor laws across the state. “Piecemeal” changes through the years did nothing but create conflicting provisions; this new bill essentially gutted child labor laws in the state, replacing many and making them all easier to understand. Business laws can be complex, and as a business owner, you need to ensure your business stays up to date. If you are an […]
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